348 SUTER RD
About This Property
Welcome home to this 3 bed 1 bath renovated all-brick Rancher with an addition and completely fenced-in backyard in Catonsville! You are greeted by a professionally landscaped front-yard which includes a brick garden area with beautiful bushes.
Enter the home to gleaming hardwood floors that shines bright- with the help of the natural light seeping in from the large windows. The open-concept floor plan is perfect for entertaining friends and family, as the kitchen opens to the living and family rooms. The kitchen has stainless steel appliances, plenty of cabinet/counter space, and lots of space to potentially add a kitchen island or have an eat-in kitchen. The living and family rooms are spacious with fresh sage green paint that accents the hardwood flooring perfectly. The family room has sliding doors that leads you to the large backyard, seamlessly transitioning you from indoor to outdoor living! Through the family room you can access the large primary bedroom that overlooks the beautiful backyard. The other two bedrooms are also spacious and includes large windows and hardwood flooring. The main level bathroom has been beautifully tiled with an updated vanity.
The backyard is large with a storage shed and trampoline if you'd like to keep it! There is also a storage shed attached to the house.
Conveniently located next to major commuter routes such as US-40, I-70, and I-695. Easy commute to plenty of shopping, Mom-and-Pop shops, restaurants, and so much more such as Lowes, Home Depot, Walmart, Dunkin', Aldi, 7-Eleven, Lidl, K-POT, and Catonsville Community Park!
This home qualifies for up to $15,000 in closing cost and down payment grants through certain lenders. Ask your agent for more information.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Catonsville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017